Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1887-04-01

the creditors himself. should any
part OF the debt question be again
submitted as % political issue to
be decided az The ballot box. Here
and here only lies the way to sue.
cess.
lrdc.-Apped lDem.)l
Don't handicap the commission
appointed to meet the creditors
with conditions aud terms impossi-
ble tor the creditors To accept, 9th
erwise the people may relieve the
Democratic party Of the response
biIity of settling tho debt and com
NIT II 10 other more efficient and
practical hands.
lsiaunton yindicator DEM
We have Il suggestion to make to
the legislature of Virginia. Take
the debt question ont Of party
politics. and take the creditors at
their word Gov. Lee has recon-
mendcd "a commission 10 confer
with the creditors. It's mission as
he sets it forth. viii. il goes with
out saving, be an idle one. The
creditors don't want any commits
sion 10 tell them how poor Virginia
is. or how tough the job Of getting
money ont of her is now, or can be
made i'm the future. They want
settlement and they have suggest
ed one. Mr. Royal says the credi-
tors propose to allow Virginia all
the money needed for running her
government and schools, and they
will take what is left at the present
rate of taxation. Very good. Let
the legislature elect a commission
composed of three representative
Democrats and Republicans, from
their body. Or make it Of Demo
Gratis and Republicans equally
put politics ont Of sight in it and
bring business TO the front. Then
let the creditors say TO this com
mission authoriiatively what they
will do. They say they will take
what IS left let's see if they are in
earnest. If they are not, then let
the people know it, and let the
fight 20 on. Virginia wants moth
ing more than the proposition thew
have made: the state is not after
making anything on this trade
All It asks is to he allowed to live,
and after that the creditors may
have the rest. Let the creditors
know from the composition Of the
commission that they are dealing
with both parties of the State.
If Royal really represents the
creditors, then the settlement can
be made now And now is the
critically important time to make
mt. No interest is being paid on
the debt and n surplus in the
Treasury is the result. All know
what the effect OF q surplus is, and
if they don't they need only look
at the excess Of the State cXpendi-
lures now, over those estimated for
her in the campaign over the
McCulloch bill, and they can get
the information. If We 80 Oh with
a surplus a while longer there will
be nothing left over for anybody.
Already a. this extra session, bills
to ger away with the money are
before the legislatuIc--the latest
being a proposition 90 increase the
pay OF circuii Judges How many
more will be- introduced before the
session is over.
The debt string has come to a
point Of tension when it won't bear
the weight of political partY
astride Of H.. LET the legislature
shove politics ont Of it, come down
TO business. and see il the credi-
tors ave in earnest. \ settlement
is what the people OF the state
want. The Democrats may rcpudl-
ate the whole debt. the Republi-
cans NAV assume the whole, or
vice versa aud there will yet he no
settlement and no peace. The
Supreme Court OF The United
States will not permit il to be re
pndiated, and the people of Nir-
einia viii not permit II 70 be paid
il To- increases taxation. between
the two, stand the creditors with
an alleged proposition. Send some
one over ibe line 90 meet them and
let's SEE villa. is M IT, If they are
i'm earucst. lets take DO; if they are
not, then we can't lose anything
his commission OH both poll teal
parties can tell their people of the
State Just how il stands-that the
creditors really want to settle, or
that they want increased taxation,
receivable coupons, and the same
old 1871 machinery. Then the peo-
pie will know what they have to
expect and what they are lighting
for, and they will light it ought to
the last.
Appoint a mix commission to
treat with The creditors on the
what iS-lcftOycrbasis and do it
quickly. fit is a Royal bubble
let It be pricked promptly if
otherwise, let it be accepted. Pat
the onus on the creditors. And in
the meantime actively prepare by
proper legislation for their refusal.